Goldman Sachs Maintains Neutral Rating on Intel with Stock Price Target of $150

BlockBeats News, July 24th, Goldman Sachs analyst James Schneider, following Intel's second-quarter earnings release, maintained a neutral rating with a target price of $150 per share.

The analyst noted that the company's stock is expected to rise on a strong quarter and guidance, driven by better-than-expected performance in the data center and client divisions, a significant improvement in gross margins, as well as positive commentary on supply agreements and capital expenditures.

Goldman Sachs added that investors were in a constructive position ahead of the quarter, benefiting from recent strong performance of server CPUs, continued momentum in advanced packaging technology, and signs of progress in advanced fab nodes.